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Business🇮🇩 🇨🇦2 sources· 1 hour ago

Indonesia, Canada to launch ICA-CEPA on Dec. 1, drop 3,100 tariffs

The deal, Indonesia's first trade pact with North America, also includes plans for a Trade and Investment Summit in 2027.

Indonesia and Canada will begin implementing the Indonesia-Canada Comprehensive Economic Partnership Agreement (ICA-CEPA) on Dec. 1, 2026, eliminating import duties on 3,100 tariff lines. Indonesia has completed ratification through a presidential regulation and sent official notification to Ottawa in October 2026. The agreement was discussed by Airlangga Hartarto during a meeting with Canadian International Trade Minister Maninder Sidhu on the sidelines of the 49th ASEAN Summit in Manila, Philippines. In 2025, bilateral trade reached US$4.3 billion. From January to September 2026, total trade rose 19.76 percent to US$4.03 billion, including Indonesia exports of US$1.29 billion and imports of US$2.73 billion. The two countries also agreed to hold a Trade and Investment Summit in 2027.

Sources

  • Antara NewsTier 182% reliableRead →6 hours ago
  • CNBC IndonesiaTier 275% reliableRead →1 hour ago

Subjects

Indonesia, Canada to launch ICA-CEPA on Dec. 1, drop 3,100 tariffs — Veloxia Global News